Ecobank Transnational Incorporated ( HY2016 Interim Report

first_imgEcobank Transnational Incorporated ( listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2016 interim results for the half year.For more information about Ecobank Transnational Incorporated ( reports, abridged reports, interim earnings results and earnings presentations, visit the Ecobank Transnational Incorporated ( company page on AfricanFinancials.Document: Ecobank Transnational Incorporated (  2016 interim results for the half year.Company ProfileEcobank Transnational Incorporated Plc is a financial institution in Nigeria offering banking products and services for the domestic, corporate, investment banking and treasury sectors. Customers include individuals, governments, financial institutions, local and international organisations, small to medium enterprises and micro businesses. Ecobank offers an extensive array of products and services ranging from transactional accounts, electronic banking and money transfer services to term loans, treasury services and financial advisory and consultancy services for asset and wealth management. The company is a subsidiary of Ecobank Transnational Incorporated. It operates through 640 branches located in major towns and cities in 27 countries in Africa. The company’s head office is in Lagos, Nigeria. Ecobank Transnational Incorporated Plc is listed on the Nigerian Stock Exchangelast_img read more

Flour Mills Nigeria PLC ( Q32020 Interim Report

first_imgFlour Mills Nigeria PLC ( listed on the Nigerian Stock Exchange under the Food sector has released it’s 2020 interim results for the third quarter.For more information about Flour Mills Nigeria PLC ( reports, abridged reports, interim earnings results and earnings presentations, visit the Flour Mills Nigeria PLC ( company page on AfricanFinancials.Document: Flour Mills Nigeria PLC (  2020 interim results for the third quarter.Company ProfileFlour Mills Nigeria Plc is a flour milling company in Nigeria with business interests in food production, packaging, agricultural industries, port operations and logistics and real estate. The company manufactures and sells past, noodle, edible oil and refined sugar as well as livestock feeds; supplies fertiliser; manufactures and markets laminated woven polypropylene sacks and flexible packing material; and grows and processes sugar cane, oil palm, fresh tropical fruit, poultry and cassava. Business interests in ports operations and logistics include operating Terminal A and B at the Apapa port and offering customs clearing, forwarding and shipping agents and logistics services. Flour Mills Nigeria Plc owns and manages real estate in Nigeria. The company is a subsidiary of Excelsior Shipping Company Limited. Its head office is in Lagos, Nigeria. Flour Mills Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Magners League best tries mix – Round 2

first_imgThursday Sep 16, 2010 Magners League best tries mix – Round 2 Round two of the Magners League served up a few interesting results as the best of Wales, Scotland, Ireland, and Italy played each other in the newly extended tournament. Heres a mix of the best tries of the round.Scarlets claimed a dramatic 35-33 win over Connacht in Llanelli after Sean Lamont crossed for a late try. Jon Davies had scored early on for the Welsh side, but it was Connacht winger Fionn Carr who was the star of the day with an excellent hat-trick.Leinster won at home on Saturday as they beat Cardiff Blues 34-23. The pick of the tries went to Isa Nacewa for Leinster after some good hands, and Richie Rees for the Blues as he linked up with Xavier Rush for another great Cardiff try.Welsh region Ospreys beat Italian newcomers Treviso 32-16 in poor conditions in Swansea. Shane Williams scored a nice try in the corner after a neat kick ahead by fellow British & Irish Lions wing, Tommy Bowe.Ulster are looking good as they beat the other Italian side, Aironi, 22-15 at the Stadio Luigi Zaffanella in Viadana. Flyhalf Niall OConnor kicked five penalties and converted the only try of the game, which went to former Western Province eighthman, Robbie Diack.The Newport Gwent Dragons beat Glasgow 23-11 at Rodney Parade in a controversial match that has resulted in two citings. More of that will be shown here soon, but for now theres the try scored by Glasgow lock Richie Gray, set up by Richie Vernon (not Callum Forrester, as the commentator mistakenly said).Munster narrowly beat Edinburgh 16-13 at Murrayfield, with a nice try going to flying Dutch winger, Tim Visser after a nice crosskick by Phil Godman. Enjoy the tries. Time: 03:59 Music: Lost Prophets – Darkest BlueADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. 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We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel ADVERTISEMENT Trending 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 1 WEEK AGO WATCH: Brutal footage of the fight between Jake Ball and Alun Wyn Jones Great Tries 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 1 WEEK AGO Veainu finishes superb try after octopus style offload from Waisea 2 WEEKS AGO FULL MATCH REPLAY: Huge stars on show when All Blacks host Pacific Island XV in 2004 2 WEEKS AGO WATCH: Hooker produces ridiculous speed to score 60-metre wonder try for Hurricanes View All Big Hits & Dirty Play 23 HOURS AGO Awesome new Etzebeth montage will have Springboks fans psyched for Summer Lions tour 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 1 WEEK AGO AWESOME video shows the very biggest and best tackles of the 2020/21 season View All See It To Believe It 4 DAYS AGO Cheetah racer Habana reveals what was actually going through his mind that day 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash View All Funnies 2 WEEKS AGO Joe Marler elated in special interview as fans return to The Stoop 2 WEEKS AGO WATCH: One of the luckiest and most bizarre tries you will EVER see 2 WEEKS AGO WATCH: Reds players caught out in hilarious celebration blooper vs Chiefs 2 WEEKS AGO WATCH: Faz, Piutau and Burns star in hilarious try fail compilation 4 WEEKS AGO MLR: Giltinis howler sees try overruled despite attempts to celebrate View All Amateur 32 WEEKS AGO Viral video of Scottish club brawl goes down a storm with rugby community 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you 69 WEEKS AGO RD BLITZ – Disaster, just when it looked so promising… 69 WEEKS AGO That glorious moment that will live on forever, like it or not 69 WEEKS AGO RD Blitz – PROP’S Lionel Messi wizardy creates incredible try View All Player Features 15 WEEKS AGO WATCH: Bumping off tacklers and taking high balls, Rob Kearney had an impressive Super Rugby debut 21 WEEKS AGO Brian Moore on money in modern rugby and how it should never be compared to ‘outlier’ football 22 WEEKS AGO Tuisova’s wrecking ball montage will make you grateful you never made it as a pro 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell is world class 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary focused on those from non-traditional backgrounds View All Related Content from the RugbyPass Network ‘What you do today is how you’re going to be remembered’: Spirit of Rugby – Ep 5 In Spirit of Rugby episode 5, Jim Hamilton talks Lions with Matt Dawson, Jeremy Guscott, Rob Kearney, Simon Shaw, Tom Croft and John Bentley. Watch: Reforging the Steelers | Episode 2 | RugbyPass Original Documentary In Episode 2 of Reforging the Steelers, we follow the team through rounds two to four as they try to get their season on track after an opening loss to competition powerhouses Tasman. Shock result: Crusaders left to rue costly errors with win over Rebels not enough for final guarantee In a shock result, the Crusaders have failed to record the requisite winning margin needed over the Rebels to book themselves a spot in the Super Rugby Trans-Tasman final and are now reliant on the Blues dropping the ball against the Force. ‘I deliberately haven’t mentioned it too much this week’: Tim Sampson keeping mum ahead of Blues battle The Western Force aim to play the role of party poopers on Saturday when they take on the ladder-leading Blues at a venue that shall not be named. Highlanders player ratings vs Brumbies | Super Rugby Trans-Tasman The Highlanders have given themselves a decent shout at playing in the Super Rugby Trans-Tasman final. Who were the top dogs in what was effectively a semi-final showdown with the Brumbies? Hurricanes player ratings vs Reds | Super Rugby Trans-Tasman How did the Hurricanes rate in their final game of Super Rugby Trans-Tasman, their 43-14 victory over the Reds? Magners League best tries mix – Round 2 | RugbyDump – Rugby News & Videos RugbyDump Home RugbyDump Academy Store About Contact Legal Privacy Policy Cookie Policy Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features RugbyDump Home RugbyDump Academy Store About Contact Sitemap Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features Legal Privacy Policy Cookie Policy Sign In Username or Email Password Stay logged in Forgot password Thank you for registering Click here to login Register Register now for RugbyDump commenting & enewsletter. * Required fields. Username * Password * Email * Password Repeat * Please send me news, information and special offers from RugbyDump By clicking register you agree to our Privacy Policylast_img read more

3 Vaults / R3architetti

first_imgArchitects: R3architetti Year Completion year of this architecture project 2014 3 Vaults / R3architetti ArchDaily CopyApartments, Renovation, Apartment Interiors•Turin, Italy 3 Vaults / R3architettiSave this projectSave3 Vaults / R3architetti “COPY” Projects Year:  Apartments CopyAbout this officeR3architettiOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRefurbishmentRenovationInterior DesignResidential InteriorsApartment InteriorsTurinInteriorsHousingRefurbishmentResidentialRenovationItalyPublished on February 06, 2015Cite: “3 Vaults / R3architetti” 06 Feb 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogVentilated / Double Skin FacadeTechnowoodProfile Façade SystemGlassMitrexSolar PanelsMetal PanelsAurubisCopper Alloy: Nordic RoyalFiber Cements / CementsEQUITONEFiber Cement Facade Panel PicturaCultural / PatrimonialIsland Exterior FabricatorsSeptember 11th Memorial Museum Envelope SystemConcreteKrytonSmart ConcreteSignage / Display SystemsGoppionDisplay Case – B-ClassMetal PanelsLorin IndustriesAnodized Aluminum – Stainless Steel FinishesWoodStructureCraftEngineering – Mass TimberWindowspanoramah!®ah!38 – FlexibilityChairsSellexChair – IrinaBathroom FurnitureKaleBathroom Cabinets – ZeroMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamcenter_img Year:  ShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2014 Photographs Save this picture!© Jacopo Gallitto+ 14 Share photographs:  Jacopo GallittoPhotographs:  Jacopo GallittoSave this picture!© Jacopo GallittoText description provided by the architects. We have been asked to reconfigure the interior of a three-room apartment of about sixty square meters in Turin to accommodate a new type of home who could also function as Airbnb. The new plan layout emphasizes the three vaults that crown the entire volume of the house: two of them frame the living area and one the bedroom and bathroom area. By cutting the septum that divided the two northern vaults, the living area takes a diagonal orientation that expands the perception of space.Save this picture!Floor PlanThis axis scheme is further emphasized by the geometry of the sofa and by the wooden niche that outlines the study area and gives access to the bedroom and bathroom. The kitchen, made with reinforced concrete cast on site and oak doors, divides the dining room from an extra area used as utility and store room.Save this picture!© Jacopo GallittoThe dialogue between different materials defines the dining area: concrete and wood for the kitchen, exposed concrete for the walls, zinc-coated steel pipes and wooden top for the table. The studio niche leads to the space held within the third vault where the bedroom and the bathroom are: this area is divided by a septum which maintains the space continuum at the ceiling level. On this third vault the original 1905 decoration has been brought back to the surface.Save this picture!© Jacopo GallittoProject gallerySee allShow lessThe Origami-Inspired / Landmak ArchitectureSelected ProjectsHarvard GSD To Host Exhibition Exploring The Architecture And Symbolism Of National …Architecture NewsProject locationAddress:Turin, ItalyLocation to be used only as a reference. It could indicate city/country but not exact address. Share Italy “COPY” ShareFacebookTwitterPinterestWhatsappMailOr Clipboardlast_img read more

Becky Slack to join British Red Cross

first_img Tagged with: corporate Recruitment / people Becky Slack to join British Red Cross  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 10 July 2008 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Becky Slack, editor of Professional Fundraising magazine, is to join the fundraising department at the British Red Cross after two and a half years at the magazine.She will take up her new role as senior corporate partnerships executive in September. She has not previously worked as a fundraiser. In an announcement on the magazine’s website she explained: “Writing about fundraising and attending so many conferences has made me very passionate about the sector – so much so I want to be a fundraiser myself.” read more

Spicy Holiday Entertaining Option

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. 12 recommended0 commentsShareShareTweetSharePin it Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * HerbeautyRed Meat Is Dangerous And Here Is The ProofHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyTop Important Things You Never Knew About MicrobladingHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyBaby Boom: The Stars Are Getting Busy In QuarantineHerbeautyHerbeauty Cover Story Spicy Holiday Entertaining Option From STAFF REPORTS Published on Thursday, December 17, 2015 | 4:16 pm If you haven’t looked at the calendar lately, prepare to be shocked. The holidays are right around the corner! If you are entertaining or hosting a party, you have some important decisions to make. When choosing your entertaining options, it is important to factor in ease and versatility. Take the stress out of holiday parties with a festive taco bar.A taco bar is an easy option. This part pleasing food, is a delight to eat and guests have a full range of customizable options. Choose from mouth wateringly spicy or smooth and mild, pick between meat and vegetarian options.You can choose two different kinds of meats and pick flour tortillas, corn tortillas or both. Add Spanish rice and refried beans to the mix too. A large assortment of toppings including such favorites as onions, tomatoes, cheeses, Pico de Gallo, lettuce, guacamole and lime is sure to please. Just don’t forget the chips and salsa.Paco’s Mexican Restaurant offers a catered Taco Bar that may work for your holiday party needs. Paco’s Taco Bar will come out for parties of 50 or more guests. The price includes two people who will set up the bar, serve the food and break the bar down. It doesn’t get much easier than that.Paco’s is located at 200 E. Foothill Blvd, Arcadia, CA 91006 call (626) 357­-7270 or visit for more tasty details. Business Newscenter_img More Cool Stuff Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena First Heatwave Expected Next Week Top of the News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment Community Newslast_img read more

Update – Gardai renew appeal for information on fatal N15 crash

first_img By News Highland – August 7, 2014 Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Minister McConalogue says he is working to improve fishing quota Twitter Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Facebook Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Gardai have renewed their appeal for information about a fatal road collision on the road between Donegal Town and Ballybofey last evening.A man in his early 80s died in the two car collision, a woman in her 60s was injured.The road reopened last night after an examination by Garda technical experts, and on today’s Shaun Doherty Show, Superintendent Andrew Archbald outlined what happened………..Audio Player Up/Down Arrow keys to increase or decrease volume.center_img Previous articleGeorge gets licence to marry AmalNext articleAranmore Lifeboat carries out its 13th mission in two months News Highland Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp Update – Gardai renew appeal for information on fatal N15 crash News WhatsApp Dail hears questions over design, funding and operation of Mica redress schemelast_img read more

30 Jobs and Benefit Centre staff to be transferred from Strabane

first_img Twitter Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Facebook WhatsApp Further drop in people receiving PUP in Donegal Facebook Newsx Adverts WhatsApp By News Highland – June 1, 2012 Pinterest 30 Jobs and Benefit Centre staff to be transferred from Strabanecenter_img 365 additional cases of Covid-19 in Republic Pinterest Previous articleReferendum Latest – Donegal NENext articleMartin Mc Dermott back in garda custody following border handover News Highland RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan fire Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Google+ Thirty staff are to be transferred from the Job and Benefits Centre in Strabane, with only a frontline service remaining in place there.The staff will be redeplayed to other centres in the Foyle district, most of them to Derry city.While no jobs will be lost, local Cllr Patrick Kelly says once again Strabane is chosen as the first place to impose cuts, and that’s not acceptable………….[podcast][/podcast] 75 positive cases of Covid confirmed in North last_img read more

Insolvency Law In Review – November 2020

first_imgColumnsInsolvency Law In Review – November 2020 Siddharth Sunil,Akshata Singh,Pranav Narsaria &Karan Sangani21 Dec 2020 9:37 PMShare This – xThe enactment of the Insolvency and Bankruptcy Code 2016 (Code) has had significant ramifications on the corporate insolvency landscape. Over time, the Code has witnessed a manifold increase in litigation, and consequently in the number of decisions. This has made it difficult for insolvency practitioners to stay updated with developments in the field. The purpose of this column is to…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe enactment of the Insolvency and Bankruptcy Code 2016 (Code) has had significant ramifications on the corporate insolvency landscape. Over time, the Code has witnessed a manifold increase in litigation, and consequently in the number of decisions. This has made it difficult for insolvency practitioners to stay updated with developments in the field. The purpose of this column is to fill this gap by providing brief summaries of latest decisions, from the various fora dealing with Insolvency Law. These case summaries are not an exhaustive review of the cases under the Code; only significant rulings on the Code in the month of November have been summarized. However, this does not negate the possibility of some important decisions being missed on account of human error. Further, since the purpose of this endeavor is to keep practitioners abreast of relevant developments, the decisions summarized have not been comprehensively analyzed.Supreme Court In Kaledonia Jute and Fibres Pvt. Ltd. v. Axis Nirman and Industries Ltd, it was held that any creditor of a company can seek the transfer of winding up proceedings pending before a High Court to a National Company Law Tribunal (NCLT) u/s 434 of the Companies Act, 2013. The court came to this conclusion after observing that the words ‘party or parties’ in the fifth proviso to sub-clause (c) of S. 434(1) of the Companies Act, 2013 would take within its ambit any creditor of the company in liquidation. The court further held that the transferability of winding up proceedings, other than those covered by the fourth proviso to sub-clause (c) of S. 434(1) of the Companies Act, 2013 would depend on the stage at which they are pending before the High Court and would need to be seen as per the Companies (Transfer of Pending Proceedings) Rules, 2016.High Courts In State Bank of India v. Kiran Gupta, the Delhi High Court held that the proceedings under the Code against the principal debtor cannot be considered to be a bar to institution or continuation of proceedings against the guarantor under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI), as the liability of a guarantor is co-extensive with that of the principal debtor and not in the alternative. The court further noted that neither S. 14 nor S. 31 of the Code place any fetters on the banks/financial institutions for the initiation and continuation of the proceedings against the guarantor for recovering their dues. In M/s Venus Recruiters Pvt. Ltd v. Union of India, the Delhi High Court held that an application filed u/s 43 of the Code for avoidance of preferential transaction would not survive beyond the conclusion of the resolution process, and that the NCLT would have no jurisdiction to hear the same. In coming to its conclusion, the court referred to the scheme of the Code and also looked at the purpose behind avoidance applications. Relying on S. 43 and S. 44 of the Code, the Court held that an avoidance application is meant to benefit the creditors of the Corporate Debtor, and the property recovered through orders passed u/s 44 of the Code is to form a part of the final resolution plan approved by the Committee of Creditors (CoC). The court also referred to the strict timelines prescribed under the Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 to hold that the assessment by the Resolution Professional (RP) of objectionable transactions including preferential transactions cannot be an unending process, and he needs to form an opinion by the 75th day of the corporate insolvency resolution process (CIRP), and thereafter he needs to make a determination of the transaction by the 115th day of the CIRP before making an application to the NCLT u/s 44 by the 135th day of the CIRP. The court also held that an RP cannot continue filing applications beyond the conclusion of the CIRP, and once a resolution plan has been approved by the NCLT u/s 31 of the Code, the role of a RP comes to an end. In CA V. Venkata Sivakumar v. Insolvency and Bankruptcy Board of India, the Madras High Court upheld the constitutional validity of Regulation 7A of the IBBI (Insolvency Professionals) Regulations, 2016 r/w Bye-Law 12A of IBBI (Model Bye Laws and Governing Board of Insolvency Professional Agencies) Regulations 2016, which require Insolvency Professionals to acquire an authorization for assignment from the concerned Agency in order to act as RP under the Code. In this case, the court held that IBBI had the power to frame the regulations u/s 196, 207, 208 and 240 of the Code and that it had not exercised this power arbitrarily. The court noted that making two authorities for regulating a professional will not by itself be unconstitutional. Furthermore, the Regulations did not treat any Insolvency Professionals or Agency unequally so as to violate Article 14 of the Indian Constitution. With respect to the seven-day time limit for filing an appeal against the decision of the Agency refusing an authorization for assignment under the Regulations, the court held that the same was not unconstitutional, however, the court stated that the same may be revisited by the IBBI through an amendment either providing for a larger time limit or by conferring power to condone delay for sufficient cause.National Company Law Appellate TribunalIn A. Balakrishnan v. Kotak Mahindra Bank Limited and Anr, the National Company Law Appellate Tribunal (NCLAT) reiterated the position of law laid down by it in Digamber Bhondwe v. JM Financial Asset Reconstruction, viz. that the date of default for the purpose of calculating the limitation period for an application u/s 7 of the Code is the date of declaration of non-performing asset (NPA), and not the date on which a recovery certificate is issued. The NCLAT also observed that the Adjudicating Authority was under an obligation u/s 3 of the Limitation Act, 1963, to suo motu consider whether an application u/s 7 of the Code was within limitation, by determining whether the debt said to be in default was within limitation. In Ratna Singh and Anr. v. M/s Theme Export Pvt. Limited and Anr., the NCLAT held that an appeal against an order of liquidation can only be preferred on the grounds of material irregularity or fraud committed with regard to the order of liquidation, as laid down u/s 61 of the Code. The NCLAT further observed that there are further provisions in Part II, Chapter III of the Code (Ss. 43 to 51) to examine any wrongdoing during the liquidation process. Finally, the NCLAT observed the Code cannot be used for initiating proceedings to prevent oppression and mismanagement. In Hindustan Oil Exploration Company v. Erstwhile Committee of Creditors JEKPL Pvt. Ltd., the NCLAT held that the Appellant, an unsuccessful Resolution Applicant, had no locus to challenge the implementation of the resolution plan that had been approved by the Adjudicating Authority. The NCLAT observed that the implementation of the resolution plan cannot be assailed on the grounds that the CoC had permitted the successful Resolution Applicant to alter certain terms of the approved resolution plan, to facilitate its implementation. The NCLAT finally observed that, in light of the COVID-19 pandemic and the consequent economic slowdown, requisite changes to the agreed terms of and extension of time to implement the resolution plan would be acceptable. In UCO Bank v. G. Ramachandran, the NCLAT held that, once the CIRP had been initiated and the moratorium u/s 14 of the Code was in effect, it is not open to anyone to appropriate any money deposited by the Corporate Debtor towards their own dues. Consequently, the NCLAT upheld the order of the NCLT, Chennai, whereby the Appellant Bank had been directed to restore the credit amount to the Corporate Debtor’s bank account, which amount the Appellant Bank had adjusted against the Corporate Debtor’s fixed deposits, after the commencement of the CIRP. The NCLAT also observed that the Appellant Bank’s lack of knowledge of the initiation of the CIRP would not be relevant. In the matter of Hemant Sharma, Resolution Professional of Global Softech Ltd., the NCLAT allowed the application of the RP to exclude the lockdown restriction period from March 25, 2020 till September 15, 2020 while computing the period of 180 days for the purposes of the CIRP so as to make the resolution process meaningful and result oriented. The NCLAT noted that lockdown restrictions specific to the areas, where the registered office and corporate office of the Corporate Debtor are situated, continued up to September 15, 2020. Further, the NCLAT clarified that the extended period of 90 days beyond 180 days shall commence only after the prescribed period of 180 days after exclusion of the aforesaid period is over. In IIFCL Mutual Fund v. Committee of Creditors of GVR Infra, the NCLAT disallowed the objection raised by the Appellant, a Financial Creditor, pertaining to the inclusion of uninvoked bank guarantees in admitted claims and allocation of INR 135 Crores with respect to uninvoked bank guarantees in favour of only four secured creditors on the grounds that the Appellant’s approval of the resolution plan as an assenting Financial Creditor would estop it from questioning the same resolution plan. The NCLAT observed that in regard to the distribution mechanism pertaining to setting aside an amount of INR 135 Crores for uninvoked bank guarantees as a contingency fund, the commercial wisdom of the CoC would be binding on all constituents of CoC including the Appellant. In Naveen Kumar Jain v. Committee of Creditors of K.D.K Enterprises Pvt. Ltd., the NCLAT held that the commercial wisdom of the CoC, which covers matters including the replacement of the RP, does not fall within the limited scope of judicial review and is not justiciable. The NCLAT further noted that the fee fixed for the Interim Resolution Professional (IRP) under Regulation 33(3) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 cannot be interfered with, as the commercial wisdom of the CoC is beyond the pale of challenge. In Stressed Assets Stabilization Fund v. Royal Brushes Pvt. Ltd., the NCLAT reiterated that the limitation period computed in terms of Article 137 of the Limitation Act, 1963 would commence from the date of default and in the event of an account being declared a NPA, the date of default would be the date when the account was declared as a NPA. The NCLAT noted that the subsequent restructuring of debt vide the negotiated settlement, which was admittedly aborted and failed, would not give a fresh cause of action to the Appellant. In Sanjeev Kumar v. Aithent Technologies Private Limited, the NCLAT by a majority judgment held that the NCLT, Kolkata had rightly admitted the application filed u/s 9 of the Code by the lessor, as even though the dues arising from the lease of immovable property would not be classified as ‘operational debt’ under the Code, the dues arising from services pertaining to electricity, diesel, sewer and water provided by the lessor would be classified as ‘operational debt’ under the Code. The minority judgment observed that the application submitted by the Operational Creditor evinced that the petition was filed for the realisation of only the outstanding lease rent, and it did not contain any mention of outstanding dues on account of diesel, electricity and water charges. The minority judgment further noted that the petition filed u/s 9 of the Code for the realisation of the outstanding dues on account of lease rent was not maintainable on account of the existence of a prior dispute, and the question of whether lease rent falls under the category of ‘operational debt’ would lose its significance when the alleged lease rent itself was disputed—as the undisputed claim is the sine qua non for initiating the CIRP u/s 9 of the Code. In Amit Katyal v. Meera Ahuja & Others, the NCLAT, inter alia, held that no penalty can be saddled either u/s 65(1) or u/s 65(2) of the Code without recording an opinion that a prima facie case is established to suggest that a person fraudulently or with malicious intent, for the purpose other than the resolution of insolvency or liquidation, or with an intent to defraud any person, has filed the application. The NCLAT noted that an application satisfying the requirements of S. 7 or S. 9 of the Code cannot be dismissed arbitrarily under the guise of S. 65 of the Code, i.e., that the application is filed for the recovery of debt and not for the resolution of insolvency—as penal action under S. 65 can be taken only when the provision of the Code has been invoked fraudulently, with malicious intent. In State Bank of India v. Athena Energy Ventures Pvt. Ltd., the NCLAT held that simultaneous initiation of CIRP against a principal borrower and its corporate guarantor is permissible under the Code. In coming to its conclusion, the NCLAT raised doubts on the correctness of its earlier decision in Vishnu Kumar Agarwal v. Piramal Enterprise Ltd., in which it had held that simultaneous proceedings would not be permissible. The NCLAT referred to S. 60(2) and S. 60(3) of the Code to come to its conclusion. The NCLAT also relied on the Insolvency Law Committee’s report of February, 2020, which has recommended that the initiation of the CIRP against the principal borrower and the corporate guarantor at the same time should be maintainable. In Promila Taneja v. Surendri Design Pvt. Ltd., the NCLAT held that a landlord of an immovable property could not claim as an Operational Creditor under the Code, and that the default on payment of rent on immovable property would not qualify as ‘operational debt’ under the Code. In coming to its conclusion, the NCLAT noticed that there were two conflicting judgements of the NCLAT on this point, and it held that the view taken in Mr. M Ravindranath Reddy v. Mr. G. Kishan was the correct law, and it disagreed with the view taken in the case of Anup Sushil Dubey v. National Agricultural Cooperative Marketing Federation of India Limited. The NCLAT stated that the bench in the Anup Sushil Dubey case had misread portions of the Supreme Court’s judgement in Mobilox Innovations Pvt. Ltd v. Kirusa Software Pvt. Ltd. in coming to its conclusion. In State Bank of India v. Krishidhan Seeds Pvt. Ltd., the NCLAT held that there could not be two defaults in respect of the same debt, one for the purpose of claim filed before the Debts Recovery Tribunal and the other for the purpose of the Code based on a settlement proposal of the Corporate Debtor. In this case the date of default was June 10, 2014, on account of which, the Financial Creditor had filed a claim before the DRT in 2015 and before the NCLT in 2018. Thereafter, the Corporate Debtor had proposed a one time settlement offer on November 6, 2015, based on which it was argued that the Corporate Debtor had acknowledged its liability, thus, extending the limitation period for filing an application under the Code. The NCLAT rejected this argument and held that the Financial Creditor’s application was time barred as the date of default could not be extended on account of the acknowledgement made in the settlement proposal. In Pegasus Asset Reconstruction Private Limited v. Yashomati Hospitals Private Limited, the NCLAT held that S. 3 of the Limitation Act, 1963, which imposes a duty on the Adjudicating Authority to examine suo moto whether the application is within limitation, should be read with S. 7(5) of the Code, which provides that the Adjudicating Authority shall, before rejecting the application, give a notice to the Applicant to rectify the defect in his application. Thus, the NCLAT stated that on a combined reading of S. 3 of the Limitation Act and S. 7(5) of the Code, if the Adjudicating Authority is of the opinion that the application does not adequately demonstrate the existence of the debt and whether the application is within the prescribed period of limitation, then the Adjudicating Authority would be required to call upon the Applicant to rectify the defect. In Amrit Kumar Agrawal v. Tempo Appliances Private Limited, the NCLAT held that an obligation to pay under a settlement agreement entered into between the guarantor of the principal borrower and the creditor pursuant to the failure of the principal borrower to discharge his outstanding liabilities, would not constitute a ‘financial debt’ within the purview of S. 5(8) of the Code—as there is no disbursement against the consideration for the time value of money. The NCLAT reiterated that corporate insolvency resolution proceedings stand at a different footing and cannot tantamount to recovery proceedings. In Anuj Khanna v. Wishwa Naveen Traders, the NCLAT reiterated that the Adjudicating Authority cannot be a substitute for the recovery forum and observed that the disputed questions of law and facts in the present case as to whether the Corporate Debtor paid the dues to the Operational Creditor, or whether the cheques returned dishonoured were issued by the Corporate Debtor as a security, or whether any instructions were given to the Corporate Debtor to make payments to the personal accounts of the employees of the Operational Creditor, should be decided by an appropriate forum and do not come within the purview of the Adjudicating Authority under the Code. In Facor Alloys Limited v. Bhuvan Madan, the NCLAT held that an approved resolution plan can deal with the related party claim and extinguish the same, which shall ensure that the successful Resolution Applicant can take over the Corporate Debtor on a clean slate. Here, the Appellants, who belong to the erstwhile promoter group of the Corporate Debtor, challenged the resolution plan on the grounds that the resolution plan dealt with the shareholding of the Appellants in the subsidiary company of the Corporate Debtor. The NCLAT, while noting that the Appellants’ objection regarding the inclusion of the subsidiary company of the Corporate Debtor in the resolution plan is not sustainable, stated that the related parties are being kept out to ensure continuity of operation of the Corporate Debtor and the subsidiary company. In Narinder Bhushan Aggarwal v. M/s. Little Bee International Private Limited, the NCLAT held that the remuneration of the Liquidator falls within the realm of the CoC in terms of Regulation 39D of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The NCLAT noted that it is immaterial which provision of the Code squarely governs the passage of the order of liquidation for the purposes of the determination of the remuneration of the Liquidator. In Shri Vijay Kumar Singh v Shri Anil Kumar & Ors. the NCLAT held that at the time of passing the liquidation order, the NCLT has the discretion to replace the RP as the Liquidator under S. 34(4), and should consider an application of the CoC to appoint a new Liquidator while taking such decision. In this case, the CoC had filed an application under S. 60(5) for replacement of the RP/Liquidator, while relying on observations of the CoC members in a joint lenders’ meeting. The NCLAT allowed such application holding that the RP/Liquidator acted in trust of the CoC members and observations of the CoC in a joint lenders’ meeting expressing dissatisfaction toward the manner of conducting the CIRP should have been considered as relevant under S. 27 of the Code before passing the liquidation order.National Company Law Tribunals In Girija Sugars and Agro Private Limited v. Pankaj Sham Joshi and Anr., the NCLT, Mumbai observed that the adherence to the specific timeline for resolution is essential to bring about the successful resolution of a Corporate Debtor under the Code. Consequently, the NCLT, Mumbai dismissed the application filed by the prospective Resolution Applicant, which had belatedly filed its Expression of Interest (EOI) after the extended deadline, and had sought a direction to enable its EOI to be considered by the RP. The NCLT, Mumbai also observed that a mere reference to the COVID-19 pandemic would not be adequate to explain the delay in submitting the EOI since it was not shown how the COVID-19 pandemic had affected the Applicant’s ability to submit the EOI on time. In Mr. Nandkishor Vishnupant Deshpande v. Director of Revenue Intelligence and Anr., the NCLT, Mumbai held that the claim to the Corporate Debtor’s money by the Directorate of Revenue Intelligence (DRI) would be an ‘operational debt’, and being government dues, it would not take precedence over the dues of secured Financial Creditors. The NCLT, Mumbai further held that the DRI’s order of attachment against the margin money deposited by the Corporate Debtor in a government notified agency would be stayed upon commencement of the CIRP, by virtue of s. 14 of the Code. Finally, the NCLT, Mumbai held that a strict reading of Ss. 238 and 248 of the Code had an overriding effect on S. 142A of the Customs Act, 1962, and as such, directed the vacation the DRI’s order of attachment against the Corporate Debtor’s margin money deposited with an agency nominated by the Director General of Foreign Trade, Government of India. In Meghalaya Forest Products v. Stressed Assets Stabilization Fund (SASF) and Anr., the NCLT, Guwahati held that the character of debts cannot be changed from operational debts to financial debts by mere book entries, which were made after the initiation of the CIRP. The NCLT, Guwahati, thus, refused the present application which sought to change the Applicant’s classification from an Operational Creditor to a Financial Creditor. In so refusing, the NCLT, Guwahati noted that the concerned debts arose out of the supply of goods, which were operational debts, and that a letter sent by the Applicant to the Corporate Debtor after the initiation of the CIRP, seeking to portray the said debt as a loan debt without any basis, will not be a ground to change its status to that of a Financial Creditor. In Autonix Lighting Industries Private Limited v. Moser Baer Electronics Limited, the NCLT, New Delhi held that any shortfall in the gratuity dues and in deposits of the provident fund with the Employees’ Provident Fund Organisation (EPFO) of the ex-employees of the Corporate Debtor has to be made by the RP. The NCLT, New Delhi, while relying on the decision in Alchemist Asset Reconstruction Co. Ltd. v. Moser Baer India Limited, noted that the provident fund dues, pension funds dues and gratuity fund dues would not be treated as a part of the liquidation estate and would not, therefore, be recovered u/s 53 of the Code, which provides for the waterfall mechanism. The NCLT, New Delhi allowed the application of the authorised representative of the ex-employees of the Corporate Debtor and directed the RP to release the dues including gratuity dues of the ex-employees and deposit the provident fund with the EPFO. In Bank of Baroda v. Baghauli Sugar & Distillery Limited, the NCLT, Allahabad, allowed the application of the Corporate Debtor filed through its suspended director to liquidate all dues and settle the matter with the creditors by filing a fresh one-time settlement proposal before the RP so that it may be placed before the CoC. The NCLT, Allahabad noted that the objective of the Code, which is to find an appropriate solution for stressed assets and save the Corporate Debtor from corporate death, would be achieved if the Applicant settles and liquidates the outstanding dues of the Corporate Debtor. In Bhavarlal M Jain v Metal Link Alloys Limited & Ors., the NCLT, Ahmedabad held that the moratorium under S. 14 of the Code ends on the commencement of the liquidation. The case involved an application for stay on an order for recovery of goods and service tax (GST) dues. The proceedings for GST dues had commenced before the initiation of the CIRP, and continued during the CIRP. However, the NCLT rejected the stay application on the grounds that both assessment and recovery orders were passed after the NCLT had passed a liquidation order and legal proceedings were permissible during the liquidation process under S. 33(5) of the Code. In alignment with the NCLAT’s judgment In re Sudip Bhattacharya, Resolution Professional of Reliance Naval and Engineering Ltd last month, the NCLT, Ahmedabad excluded the period of lockdown from the period of resolution process for various companies, including for Vicor Stainless Steel Limited, and UIC Corporation. The NCLT, Ahmedabad, in its order In re Kiran Shah RP for KSL Industries Limited, applied the Supreme Court judgment in CoC of Essar Steel India Limited v Satish Kumar Gupta, to extend the period of resolution process beyond 330 days. The NCLT had appointed a RP to overcome a stalemate within the CoC. This order was challenged by the IRP, where the NCLAT issued an order to maintain status quo. Pursuant to the status quo order, the CoC members did not attend CoC meetings until the NCLAT issued a clarificatory order that the status quo pertained to continuation of the appointed RP and did not have any bearing on the CIRP. In Essar Steel, the Supreme Court had held that the CIRP could be extended beyond 330 days, in exceptional cases, where the delay could largely be attributed to the time taken by legal proceedings before the NCLT or the NCLAT. Owing to obstruction of the CIRP during the period between issuance of the status quo order and clarificatory order, and the period that elapsed due to stalemate within the CoC, the NCLT ruled that the case, at hand, fell within the exception carved out under the Essar Steel judgment and warranted the exclusion of 233 days from the CIRP, in addition to the exclusion of the lockdown period and a lapse of 330 days. In Adroit Structural Engineers (P) Ltd. v Vee Rubber India (P) Ltd, the NCLT, Ahmedabad admitted an application under S. 9 of the Code for the pending GST dues pursuant to the new GST regime implemented in 2017. The dues were pending under two work orders placed by the Corporate Debtor in 2016, before the new GST regime was implemented on July 1, 2017. Despite communication of the change in applicable tax regime, the Corporate Debtor had continued paying dues under the work order at the agreed rate of 6% instead of 9% state goods and service tax (SGST) and 9% central goods and service tax (CGST) post commencement of the new GST regime. In 2019, the Applicant had raised a demand notice for INR 1.47 Crore, which included the GST receivables of INR 1 Crore. Rejecting the Corporate Debtor’s contention for liquidated damages owing to delay in completion of work as an afterthought, the NCLT highlighted the following provisions of the work order: (i) both parties had agreed that a change in tax structure would be considered at the stage of actuals; and (ii) a specific covenant that the Applicant would responsible for statutory compliance including VAT, cess, service tax etc. In view of these provisions, the NCLT held that the Corporate Debtor was bound to pay the difference of the GST. The NCLT, Ahmedabad, in Sanguine Management Services (P) Limited v Cengres Tiles Limited, rejected an application under S. 7 of the Code on the grounds that the amount that the Applicant had transferred to Corporate Debtor’s account was not backed by sufficient documentary evidence to establish it as a ‘financial debt’ under the Code. The underlying debt pertained to an arrangement between the parties pursuant to which the Applicant had advanced INR 1 Crore on the condition that a repayment of the amount along with 7% interest would be made on demand. The repayment demand of the Applicant was met by five cheques totalling to INR 1.20 Crore, which were dishonoured. The Applicant supplemented its claim with a cheque return memo, copy of the bank statement and a letter of confirmation signed on behalf of the respondent. The NCLT, Ahmedabad found that there was nothing on record, such as a request letter, contract, or record of default with the information utility to show that the money advanced by the Applicant was a debt that was repayable on a fixed date and had time value of money. In Manpower Group Services India (P) Ltd v Euphoria Technologies (P) Ltd., the NCLT, Ahmedabad held that the signatory to a demand notice under S. 8 of the Code should have an authority letter or board resolution to initiate action under the Code. The NCLT, Ahmedabad rejected the application under S. 9 of the Code, as bad in the eyes of law, on the grounds that the demand notice issued by the Applicant was signed by an unauthorised person. While the signatory to the demand notice was a director of the Applicant Company, the NCLT, Ahmedabad rejected the application on the grounds that the authority letter/ board resolution empowering the director to initiate action under the Code was passed subsequent to the issuance of the demand notice. In Rare Asset Reconstruction v Jyoti Limited, the NCLT, Ahmedabad rejected an application for intervention by an asset reconstruction company that had acquired the loan asset of one of the Applicants under S. 7 of the Code. The application under S.7 of the Code had been jointly filed by two members of a consortium, one of whom had assigned its entire debt to an asset reconstruction company. The intervention application was accompanied with a prayer to stay the proceedings, as the Intervening Applicant was in talks with the remaining lenders of the consortium to acquire 100% financial debt of the Corporate Debtor. However, the NCLT rejected the intervention application and admitted the application. The basis of rejection was that the Intervening Applicant had not acquired the entire debt of the Corporate Debtor and so long as the debt and the default existed towards a Financial Creditor, recourse to CIRP under S. 7 of the Code was available. In M/s. Sundaram BNP Paribas Home Finance Limited v. M/s. MPL 2 Wheelers Pvt. Ltd., the NCLT, Chennai, relying on the NCLAT’s judgements in Rakesh Kumar Gupta v. Mahesh Bansal and in Harkirat S. Bedi v. Oriental Bank of Commerce, held that the pendency of actions under the SARFAESI Act by the Financial Creditor would not be a bar for filling an application u/s 7 of the Code due to S. 238 of the Code. The NCLT, relying on the Supreme Court’s judgement in Innoventive Industries v. ICICI Bank and Mobilox Innovations Pvt. Ltd v. Kirusa Software Pvt. Ltd., further held that in relation to a S. 7 application, where the NCLT finds a ‘financial debt’ and its default in excess of Rs. 1,00,000/-, then it is bound to admit the application and to trigger the CIRP, and any defence of set off or counterclaim put forth by the Corporate Debtor cannot be entertained. In this case, the ‘financial debt’ was a house loan taken by the Corporate Debtor, who argued that the Financial Creditor had sent a demand notice under the SARFAESI in this regard and had also taken over the secure assets of the Corporate Debtor in furtherance of the same.(Siddharth and Akshata are advocates based out of Delhi, and Pranav and Karan are advocates based out of Mumbai. The present compilation represents the exclusive work of the authors in their personal capacities, and is not linked to any of the institutions/firms that they may be associated with)Next Storylast_img read more

Older people falling through cracks of redress scheme – homeowner

first_img By News Highland – May 23, 2021 Older people falling through cracks of redress scheme – homeowner Google+ RELATED ARTICLESMORE FROM AUTHOR Journey home will be easier – Paul Hegarty WhatsApp Derry draw with Pats: Higgins & Thomson Reaction Facebook DL Debate – 24/05/21 Pinterest Pinterest Previous articleThousands attend Mica protest in DonegalNext articleHackers threaten to release patient info if ransom isn’t paid News Highland center_img Twitter WhatsApp Google+ FT Report: Derry City 2 St Pats 2 Harps come back to win in Waterford Thousands take to the streets in Buncrana in protest for 100% Mica Redress SchemeOlder people are falling through the cracks of the current Mica Redress Scheme.That’s according to Mary O’Regan, an affected homeowner who spoke yesterday in Letterkenny as people gathered in protest for a 100% redress scheme.Thousands took to the streets in Buncrana yesterday also in a stand against the current 90% Government funded redress scheme.Speaking at yesterday’s protest in Letterkenny on behalf of older people, Ms O’Regan says the scheme is totally inaccessible for her generation:Audio Player Up/Down Arrow keys to increase or decrease volume. Facebook Twitter AudioHomepage BannerNews News, Sport and Obituaries on Monday May 24thlast_img read more